<table border="0" width="*">
<caption>Panel A, foreign == 0</caption>
<tr><td colspan=8><hr></td></tr>
<tr><td>                    </td><td>         (1)              </td><td>         (2)              </td><td>         (3)              </td><td>         (4)              </td><td>         (5)              </td><td>         (6)              </td><td>         (7)              </td></tr>
<tr><td>                    </td><td>       price              </td><td>       price              </td><td>         wgt              </td><td>        areg              </td><td>   gear <= 3              </td><td>         reg              </td><td>        areg              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td>Repair Record 1978  </td><td>       404.2              </td><td>       404.2              </td><td>       71.68<sup>*</sup>  </td><td>       215.3              </td><td>       297.7              </td><td>       404.2              </td><td>       404.2              </td></tr>
<tr><td>                    </td><td>     (0.252)              </td><td>     (0.252)              </td><td>     (0.063)              </td><td>     (0.602)              </td><td>     (0.547)              </td><td>     (0.252)              </td><td>     (0.380)              </td></tr>
<tr><td colspan=8>&nbsp;</td></tr>
<tr><td>Mileage (mpg)       </td><td>      -226.9<sup>**</sup> </td><td>      -226.9<sup>**</sup> </td><td>      -107.8<sup>***</sup></td><td>       167.5              </td><td>      -175.7              </td><td>      -226.9<sup>**</sup> </td><td>      -226.9<sup>**</sup> </td></tr>
<tr><td>                    </td><td>     (0.046)              </td><td>     (0.046)              </td><td>     (0.000)              </td><td>     (0.261)              </td><td>     (0.409)              </td><td>     (0.046)              </td><td>     (0.036)              </td></tr>
<tr><td colspan=8>&nbsp;</td></tr>
<tr><td>Headroom (in.)      </td><td>      -426.0              </td><td>      -426.0              </td><td>      -27.26              </td><td>      -470.6              </td><td>      -431.9              </td><td>      -426.0              </td><td>      -426.0              </td></tr>
<tr><td>                    </td><td>     (0.191)              </td><td>     (0.191)              </td><td>     (0.535)              </td><td>     (0.259)              </td><td>     (0.382)              </td><td>     (0.191)              </td><td>     (0.361)              </td></tr>
<tr><td colspan=8>&nbsp;</td></tr>
<tr><td>Turn Circle (ft.)   </td><td>                          </td><td>                          </td><td>                          </td><td>                          </td><td>       126.7              </td><td>                          </td><td>                          </td></tr>
<tr><td>                    </td><td>                          </td><td>                          </td><td>                          </td><td>                          </td><td>     (0.499)              </td><td>                          </td><td>                          </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td>N                   </td><td>          48              </td><td>          48              </td><td>          46              </td><td>          48              </td><td>          37              </td><td>          48              </td><td>          48              </td></tr>
<tr><td>r2                  </td><td>       0.431              </td><td>       0.431              </td><td>       0.792              </td><td>       0.558              </td><td>       0.450              </td><td>       0.431              </td><td>       0.431              </td></tr>
<tr><td>rank                </td><td>           5              </td><td>           5              </td><td>           5              </td><td>           6              </td><td>           6              </td><td>           5              </td><td>           5              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td colspan=8>
<i>p</i>-values in parentheses
<br />This panel only includes foreign == 0. Absorb no effects.
<br /><sup>*</sup> <i>p</i> < 0.10, <sup>**</sup> <i>p</i> < 0.05, <sup>***</sup> <i>p</i> < 0.01
</td></tr>
</table>
<table border="0" width="*">
<caption>Panel B, foreign == 1</caption>
<tr><td colspan=8><hr></td></tr>
<tr><td>                    </td><td>         (1)              </td><td>         (2)              </td><td>         (3)              </td><td>         (4)              </td><td>         (5)              </td><td>         (6)              </td><td>         (7)              </td></tr>
<tr><td>                    </td><td>       price              </td><td>       price              </td><td>         wgt              </td><td>        areg              </td><td>   gear <= 3              </td><td>         reg              </td><td>        areg              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td>Repair Record 1978  </td><td>       182.2              </td><td>       182.2              </td><td>       50.78              </td><td>      -356.9              </td><td>                          </td><td>       182.2              </td><td>       182.2              </td></tr>
<tr><td>                    </td><td>     (0.761)              </td><td>     (0.761)              </td><td>     (0.472)              </td><td>     (0.430)              </td><td>                          </td><td>     (0.761)              </td><td>     (0.818)              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td>N                   </td><td>          21              </td><td>          21              </td><td>          20              </td><td>          21              </td><td>           0              </td><td>          21              </td><td>          21              </td></tr>
<tr><td>r2                  </td><td>      0.0891              </td><td>      0.0891              </td><td>       0.400              </td><td>       0.735              </td><td>                          </td><td>      0.0891              </td><td>      0.0891              </td></tr>
<tr><td>rank                </td><td>           3              </td><td>           3              </td><td>           3              </td><td>           4              </td><td>           0              </td><td>           3              </td><td>           3              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td colspan=8>
<i>p</i>-values in parentheses
<br />This panel then focuses only on foreign == 1
<br />Hi there, more notes next line
<br /><sup>*</sup> <i>p</i> < 0.10, <sup>**</sup> <i>p</i> < 0.05, <sup>***</sup> <i>p</i> < 0.01
</td></tr>
</table>
<table border="0" width="*">
<caption>Panel C, length >= 190</caption>
<tr><td colspan=8><hr></td></tr>
<tr><td>                    </td><td>         (1)              </td><td>         (2)              </td><td>         (3)              </td><td>         (4)              </td><td>         (5)              </td><td>         (6)              </td><td>         (7)              </td></tr>
<tr><td>                    </td><td>       price              </td><td>       price              </td><td>         wgt              </td><td>        areg              </td><td>   gear <= 3              </td><td>         reg              </td><td>        areg              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td>Repair Record 1978  </td><td>      -0.297              </td><td>      -0.297              </td><td>      -0.297              </td><td>       0.272              </td><td>      -0.935              </td><td>      -0.297              </td><td>      -0.183              </td></tr>
<tr><td>                    </td><td>     (0.526)              </td><td>     (0.526)              </td><td>     (0.526)              </td><td>     (0.577)              </td><td>     (0.117)              </td><td>     (0.526)              </td><td>     (0.769)              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td>N                   </td><td>          36              </td><td>          36              </td><td>          36              </td><td>          36              </td><td>          31              </td><td>          36              </td><td>          36              </td></tr>
<tr><td>r2                  </td><td>       0.174              </td><td>       0.174              </td><td>       0.174              </td><td>       0.533              </td><td>       0.431              </td><td>       0.174              </td><td>       0.178              </td></tr>
<tr><td>rank                </td><td>           3              </td><td>           3              </td><td>           3              </td><td>           4              </td><td>           4              </td><td>           3              </td><td>           3              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td colspan=8>
<i>p</i>-values in parentheses
<br />general notes
<br /><sup>*</sup> <i>p</i> < 0.10, <sup>**</sup> <i>p</i> < 0.05, <sup>***</sup> <i>p</i> < 0.01
</td></tr>
</table>
<table border="0" width="*">
<caption>current panel results</caption>
<tr><td colspan=8><hr></td></tr>
<tr><td>                    </td><td>         (1)              </td><td>         (2)              </td><td>         (3)              </td><td>         (4)              </td><td>         (5)              </td><td>         (6)              </td><td>         (7)              </td></tr>
<tr><td>                    </td><td>       price              </td><td>       price              </td><td>         wgt              </td><td>        areg              </td><td>   gear <= 3              </td><td>         reg              </td><td>        areg              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td>Repair Record 1978  </td><td>       774.6<sup>***</sup></td><td>       774.6<sup>***</sup></td><td>      -6.772              </td><td>       65.63              </td><td>       614.0              </td><td>       774.6<sup>***</sup></td><td>       248.6              </td></tr>
<tr><td>                    </td><td>     (0.003)              </td><td>     (0.003)              </td><td>     (0.903)              </td><td>     (0.844)              </td><td>     (0.248)              </td><td>     (0.003)              </td><td>     (0.513)              </td></tr>
<tr><td colspan=8>&nbsp;</td></tr>
<tr><td>Mileage (mpg)       </td><td>      -210.6<sup>***</sup></td><td>      -210.6<sup>***</sup></td><td>      -63.16<sup>***</sup></td><td>       46.88              </td><td>      -250.6              </td><td>      -210.6<sup>***</sup></td><td>      -180.2<sup>**</sup> </td></tr>
<tr><td>                    </td><td>     (0.005)              </td><td>     (0.005)              </td><td>     (0.000)              </td><td>     (0.548)              </td><td>     (0.210)              </td><td>     (0.005)              </td><td>     (0.010)              </td></tr>
<tr><td colspan=8>&nbsp;</td></tr>
<tr><td>Turn Circle (ft.)   </td><td>                          </td><td>                          </td><td>                          </td><td>                          </td><td>       12.54              </td><td>                          </td><td>                          </td></tr>
<tr><td>                    </td><td>                          </td><td>                          </td><td>                          </td><td>                          </td><td>     (0.948)              </td><td>                          </td><td>                          </td></tr>
<tr><td colspan=8>&nbsp;</td></tr>
<tr><td>Length (in.)        </td><td>                          </td><td>                          </td><td>                          </td><td>                          </td><td>                          </td><td>                          </td><td>                          </td></tr>
<tr><td>                    </td><td>                          </td><td>                          </td><td>                          </td><td>                          </td><td>                          </td><td>                          </td><td>                          </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td>N                   </td><td>          69              </td><td>          69              </td><td>          66              </td><td>          69              </td><td>          38              </td><td>          69              </td><td>          69              </td></tr>
<tr><td>r2                  </td><td>       0.275              </td><td>       0.275              </td><td>       0.774              </td><td>       0.516              </td><td>       0.383              </td><td>       0.275              </td><td>       0.357              </td></tr>
<tr><td>rank                </td><td>           4              </td><td>           4              </td><td>           4              </td><td>           5              </td><td>           5              </td><td>           4              </td><td>           4              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td colspan=8>
<i>p</i>-values in parentheses
<br />general notes
<br /><sup>*</sup> <i>p</i> < 0.10, <sup>**</sup> <i>p</i> < 0.05, <sup>***</sup> <i>p</i> < 0.01
</td></tr>
</table>
<table border="0" width="*">
<caption>current panel results</caption>
<tr><td colspan=8><hr></td></tr>
<tr><td>                    </td><td>         (1)              </td><td>         (2)              </td><td>         (3)              </td><td>         (4)              </td><td>         (5)              </td><td>         (6)              </td><td>         (7)              </td></tr>
<tr><td>                    </td><td>       price              </td><td>       price              </td><td>         wgt              </td><td>        areg              </td><td>   gear <= 3              </td><td>         reg              </td><td>        areg              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td>Repair Record 1978  </td><td>       575.2<sup>**</sup> </td><td>       575.2<sup>**</sup> </td><td>      -62.11              </td><td>       118.3              </td><td>       768.2              </td><td>       575.2<sup>**</sup> </td><td>       5.905              </td></tr>
<tr><td>                    </td><td>     (0.043)              </td><td>     (0.043)              </td><td>     (0.403)              </td><td>     (0.712)              </td><td>     (0.199)              </td><td>     (0.043)              </td><td>     (0.988)              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td>N                   </td><td>          69              </td><td>          69              </td><td>          66              </td><td>          69              </td><td>          38              </td><td>          69              </td><td>          69              </td></tr>
<tr><td>r2                  </td><td>       0.176              </td><td>       0.176              </td><td>       0.648              </td><td>       0.513              </td><td>       0.331              </td><td>       0.176              </td><td>       0.287              </td></tr>
<tr><td>rank                </td><td>           3              </td><td>           3              </td><td>           3              </td><td>           4              </td><td>           4              </td><td>           3              </td><td>           3              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td colspan=8>
<i>p</i>-values in parentheses
<br />This panel is the 5th
<br />Yes it is the 5th, so what
<br /><sup>*</sup> <i>p</i> < 0.10, <sup>**</sup> <i>p</i> < 0.05, <sup>***</sup> <i>p</i> < 0.01
</td></tr>
</table>
<table border="0" width="*">
<caption>current panel results</caption>
<tr><td colspan=8><hr></td></tr>
<tr><td>                    </td><td>         (1)              </td><td>         (2)              </td><td>         (3)              </td><td>         (4)              </td><td>         (5)              </td><td>         (6)              </td><td>         (7)              </td></tr>
<tr><td>                    </td><td>       price              </td><td>       price              </td><td>         wgt              </td><td>        areg              </td><td>   gear <= 3              </td><td>         reg              </td><td>        areg              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td>Repair Record 1978  </td><td>       0.947              </td><td>       0.947              </td><td>       0.876              </td><td>       1.123<sup>**</sup> </td><td>      -0.615              </td><td>       0.947              </td><td>       1.347<sup>**</sup> </td></tr>
<tr><td>                    </td><td>     (0.195)              </td><td>     (0.195)              </td><td>     (0.236)              </td><td>     (0.033)              </td><td>     (0.528)              </td><td>     (0.195)              </td><td>     (0.048)              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td>N                   </td><td>          69              </td><td>          69              </td><td>          66              </td><td>          69              </td><td>          38              </td><td>          69              </td><td>          69              </td></tr>
<tr><td>r2                  </td><td>       0.452              </td><td>       0.452              </td><td>       0.448              </td><td>       0.686              </td><td>       0.498              </td><td>       0.452              </td><td>       0.466              </td></tr>
<tr><td>rank                </td><td>           3              </td><td>           3              </td><td>           3              </td><td>           4              </td><td>           4              </td><td>           3              </td><td>           3              </td></tr>
<tr><td colspan=8><hr></td></tr>
<tr><td colspan=8>
<i>p</i>-values in parentheses
<br />general notes
<br /><sup>*</sup> <i>p</i> < 0.10, <sup>**</sup> <i>p</i> < 0.05, <sup>***</sup> <i>p</i> < 0.01
</td></tr>
</table>
